Solar Power Bank to invest $5m in solar battery business
Posted On June 16, 2021
By David Smith, Business InsiderSolar power bank is in the early stages of building out a business that helps people get solar panels on their roofs.
In the early months of 2017, the Solar Powerbank of the United States (SPUBUS) partnered with SolarCity, the nation’s largest installer of solar panels.
SolarCity and SPUBUS have been working together to develop a business model to assist individuals who want to get solar energy on their homes and businesses.SPUBUUS is also looking to partner with other solar manufacturers to create a solar powered battery operated heater.
The business aims to provide solar energy to the home, the business’ founders say.
The founders of SPUBUUs battery operated electric heater say they hope to provide a “low-cost, reliable and affordable energy solution to the residential, commercial and industrial market.”SPUBUs battery powered electric heater, a solar-powered heater, will be available in the first quarter of 2020, according to the company.
SPUBUs electric heater will be the first battery powered energy heater on the market, and will be designed to reduce energy bills by about 80%.
The company will also be selling its solar powered solar powered heaters in the United Kingdom.SPUUS says the battery powered heating product will offer savings of up to 90% compared to a conventional electric heater.
This will be achieved through an increased number of solar cells per unit of heat output.
The batteries are made of silicon and lithium polymer, the same material that is used in electric cars and other energy storage devices.
SPUUS hopes to be able to sell the solar powered heater in the U.K. in the next 12 months.
Solar power companies are becoming increasingly popular in the residential market.
Solar Powerhouses, which charge an average of $1,000 a month for their service, offer homeowners the ability to get up to 60% of their energy needs from the sun, a huge savings compared to conventional heating and cooling systems.
Solar energy is now a much more mainstream part of the U,S., and world economy.
Solar power accounts for nearly 25% of the electricity used in the US.
The solar power industry generated nearly $6.9 billion in revenue in 2016.